Kazax Announces Settlement With LogiCamms

Kazax Announces Settlement With LogiCamms
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/29/14 -- Kazax
Minerals Inc. ("Kazax" or the "Company") (TSX VENTURE: KZX) is
pleased to announce that it has reached an amicable settlement with
LogiCamms Limited ("LogiCamms") in relation to legal proceedings
arising from some uncertainty as to work scope and payment in
connection with work carried out by LogiCamms for the Company's
Lomonosovskoye Project in Kazakhstan. The legal proceedings will be
withdrawn on the back of the amicable settlement; subject to a
payment of AUD 700,000 (approx. USD 645,000) by Kazax to LogiCamms in
4 instalments.
On the basis of the amicable nature of the settlement, and the
continuing good relationship between the parties, Kazax's engagement
of LogiCamms will continue with the parties working together to
complete the design and specification of the Lomonosovskoye Project
beneficiation plant and associated facilities for the purposes of
advancing the bankable feasibility study in relation to the
Lomonosovskoye Project.
For further information on Kazax and the Lomonosovskoye Project,
please visit our website at www.kazaxmineralsinc.com.
ON BEHALF OF THE BOARD
Trevor Campbell Smith, President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Kazax Minerals Inc.
+7 7172 99 05 49
info@kazaxmineralsinc.com
www.kazaxmineralsinc.com